---
title: "Trendzone plans to sell part of its assets for a price of 95.1 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239117642.md"
description: "Trendzone announced that the company has reached an agreement with Shanghai Tianshu Industrial Co., Ltd. to sell the state-owned construction land use rights and factory assets located in the Qingpu District of Shanghai for 95.1 million yuan. This transaction will help the company dispose of idle assets and replenish cash flow, positively impacting the company's normal operations and business development"
datetime: "2025-05-07T11:51:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239117642.md)
  - [en](https://longbridge.com/en/news/239117642.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239117642.md)
---

# Trendzone plans to sell part of its assets for a price of 95.1 million yuan

According to the Zhitong Finance APP, Trendzone (603030.SH) announced that the company recently reached an agreement with Shanghai Tianshu Industrial Co., Ltd. (referred to as "the counterparty") regarding the disposal of the state-owned construction land use rights located at No. 8 Kangtai Road, Zhujiajiao Town, Qingpu District, Shanghai, covering an area of 21,792.00 square meters, and the factory building and other ancillary facilities with a construction area of 28,979.68 square meters situated on the aforementioned land (referred to as "the transaction target"). The price of this transaction target is based on the asset appraisal results and fully considers the market transaction prices of surrounding land and factories, which has been mutually agreed upon by both parties at RMB 95.1 million.

This transaction aligns with the company's actual development needs, helps the company to timely dispose of and revitalize idle assets, and supplement cash flow, which will have a positive impact on the company's normal operations and business development. The price of this transaction target is based on the asset appraisal results and fully considers the market transaction prices of surrounding land and factories, and has been mutually agreed upon by both parties, ensuring that the pricing is fair and reasonable, in line with the interests of the company and all shareholders

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